So the soft market for EVs is hardly a surprise- the news is about up front costs and charging infrastructure etc but the simple fact is that the fall in EV demand has mirrored the fall in gas prices. I bet a dollar a gallon increase in gas would drive ev sales through the roof…
But as EV adoption rises, demand for gas will fall by the same amount, right? Which would mean that gains in EV popularity essentially guarantees that gas remain cheap, which means that people will want gas cars indefinitely. As much as I am a believer in market efficiency, I fear that we are stuck with gas cars for a very very long time.
There has been no “fall in EV demand.” More EVs were sold last year, more last year than the year before that, etc etc.
It’s not the exponential growth curve that other countries have seen (our politics are too stupid for that), but it’s not slowing down either.